
Subscribe & Follow
#AfricaMonth
Jobs
- Brand and Marketing Manager Johannesburg
- Global Senior Talent Delivery Researcher Cape town
- CRM and Lifecycle Manager Cape Town
- Paid Social Campaign Manager (Junior–Mid Level) Cape Town
- Digital Content Creator Cape Town
- Sales Representative - Digital Print Johannesburg
- Junior Account Executive Cape Town
- Lecturer: Language Conversational Sign Language Cape Town
- Digital Marketing and Content Creator Specialist Johannesburg
- Content Marketing Manager Cape Town
'Our bean counters are hopeless'

Makwetu told the Standing Committee on Public Accounts (Scopa) that "many" officials working in the finance and audit units of government departments had not achieved minimum competency levels.
Makwetu said if officials failed to stick to the basics, there was no way they would be saved by audit committees.
He said most senior finance managers were failing to meet required competency standards, including at the level of chief financial officer.
"A chief financial officer, for example, would be required to have done level four or whatever level of accounting to act as CFO, but in a number of instances that is not the case. That is why we are pointing out that weakness, because it is at the heart of this (matter)," said Makwetu.
Skills audit
Scopa has now called for a skills audit to be conducted in the finance and audit divisions of all government departments.
Makwetu was briefing Scopa on the extent of wastage of public funds by government departments and municipalities.
His report showed the departments of Co-operative Governance, Public Works, Correctional Services, Transport and Defence were the worst offenders, with the five racking up an irregular expenditure of R2.4-billion.
It also revealed that 37 out of 40 national departments were not complying with relevant legislation, especially in the procurement of goods and services, human resources and IT controls.
Makwetu said only 58% of departments achieved unqualified audits after their financial statements were corrected by his office.
"The quality of what was received when the financial statements were submitted for audit at the end of May was lacking, to the extent that 58% of departments were able to avoid qualification due to the correction of misstatements during auditing," he said.
ANC MP Roy Ainsley said a skills audit that was recently conducted on the SABC should also be done in government.
Source: The Times via I-Net Bridge
Source: I-Net Bridge

For more than two decades, I-Net Bridge has been one of South Africa’s preferred electronic providers of innovative solutions, data of the highest calibre, reliable platforms and excellent supporting systems. Our products include workstations, web applications and data feeds packaged with in-depth news and powerful analytical tools empowering clients to make meaningful decisions.
We pride ourselves on our wide variety of in-house skills, encompassing multiple platforms and applications. These skills enable us to not only function as a first class facility, but also design, implement and support all our client needs at a level that confirms I-Net Bridge a leader in its field.
Go to: http://www.inet.co.zaRelated
